SBA loan outcome check · industry · SBA data as of 30 September 2026

How have SBA loans in Employment Placement Agencies turned out?

Of 1,257 loans approved in fiscal 2007 to 2021 (at least five years old), 109 (8.7%) were charged off by the lender, against 12.6% across all 7(a) loans approved in those same years. Employment Placement Agencies appears on 1,927 SBA-guaranteed 7(a) loans approved from fiscal 2007 to 2026, $579.7 million in gross approvals. These are loans, not a rating.
Not financial, legal or franchise advice. This page reports what the SBA's loan file records for SBA-guaranteed loans. A charge-off rate is not a rating of a brand or an industry, it does not predict a new loan, and a franchisee's loan is not a measure of the franchisor. Read the franchise's disclosure document and talk to a lender or an adviser before you borrow.
Employment Placement AgenciesIndustry NAICS 561311 · 1,927 loans
9%of seasoned loans charged off
  1. Employment Placement Agencies appears on 1,927 SBA-guaranteed 7(a) loans approved from fiscal 2007 to 2026, $579.7 million in gross approvals.
  2. Of 1,257 loans approved in fiscal 2007 to 2021 (at least five years old), 109 (8.7%) were charged off by the lender, against 12.6% across all 7(a) loans approved in those same years.
  3. A charge-off is a loan the lender wrote off. It is not a statement about the borrower, the brand or the franchisor, and it does not predict how a new loan will turn out.
0%32%Fiscal 2008: 25 of 77 loans charged off (32.5%)Fiscal 2009: 5 of 69 loans charged off (7.2%)Fiscal 2010: 3 of 56 loans charged off (5.4%)Fiscal 2011: 2 of 81 loans charged off (2.5%)Fiscal 2012: 4 of 55 loans charged off (7.3%)Fiscal 2013: 5 of 66 loans charged off (7.6%)Fiscal 2014: 6 of 90 loans charged off (6.7%)Fiscal 2015: 13 of 103 loans charged off (12.6%)Fiscal 2016: 9 of 147 loans charged off (6.1%)Fiscal 2017: 7 of 138 loans charged off (5.1%)Fiscal 2018: 8 of 119 loans charged off (6.7%)Fiscal 2019: 9 of 116 loans charged off (7.8%)Fiscal 2020: 5 of 69 loans charged off (7.2%)Fiscal 2021: 5 of 68 loans charged off (7.4%)2008201020122014201620182020
share of this group's loans charged off, by approval year (years with 10+ loans)all 7(a) loans, same year

Every approval year

Approval yearLoansApprovedPaid in fullCharged offNot yet resolvedCharged-off share
FY20073$766,700030few loans
FY200877$10.7 million5125132.5%
FY200969$9.2 million63517.2%
FY201056$7.8 million53305.4%
FY201181$15.2 million79202.5%
FY201255$14.7 million51407.3%
FY201366$14.3 million61507.6%
FY201490$18.9 million84606.7%
FY2015103$20.3 million8613412.6%
FY2016147$32.2 million1289106.1%
FY2017138$34.9 million1167155.1%
FY2018119$37.3 million938186.7%
FY2019116$32.4 million759327.8%
FY202069$31.4 million455197.2%
FY202168$41.2 million355287.4%
FY202297$43.3 million30958too recent for a share
FY2023129$32.7 million29496too recent for a share
FY2024206$85.1 million325169too recent for a share
FY2025168$57.9 million90159too recent for a share
FY202670$39.5 million1069too recent for a share

By state, where 30 or more loans are at least five years old

StateLoans (FY2007 to 2021)Charged offShare
California15385.2%
Texas1141412.3%
Florida771418.2%
New York71912.7%
Ohio6023.3%
Massachusetts5247.7%
Pennsylvania5147.8%
Georgia4748.5%
Illinois4512.2%
Michigan4500.0%
New Jersey42511.9%
Minnesota3837.9%

US Small Business Administration, 7(a) FOIA loan data as of 30 September 2026. SBA-guaranteed 7(a) loans only, aggregated; no borrower or lender is shown. SBA open data.

Where can you go from this record?

Open it in the check to search another brand or industry. Before you borrow for a business in this industry, read the FTC consumer guide to buying a franchise, the SBA guide to buying a franchise and SBA Lender Match.

Compiled and checked by Vincent Wesley Couey (ORCID 0009-0005-6869-308X) from the SBA 7(a) FOIA loan data, as of 30 September 2026. Not an official source.

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